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Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion
The National Bureau of Statistics (NBS) has reported that Nigeria’s debt per capita now stands at ₦619,501, following a review of the country’s debt portfolio for the second quarter of 2024.
The Debt Management Office (DMO) disclosed that Nigeria’s total public debt has surged to ₦134.297 trillion as of June 2024, marking an increase of ₦13 trillion from the previous quarter’s total of ₦121 trillion.
Based on Nigeria’s estimated population of 216.7 million, the debt per person averages ₦619,501. The DMO’s report breaks down the debt into domestic and external components: domestic debt stands at ₦71.2 trillion, while external debt totals ₦63 trillion.
Within the external debt figure, the federal government owes ₦55.8 trillion, and states owe ₦7.1 trillion.
Domestically, the federal government’s debt is significantly higher at ₦66.9 trillion, with states owing ₦4.2 trillion.
The rising debt has reignited discussions around Nigeria’s reliance on borrowing, with increased calls for the government to explore sustainable financing strategies to reduce the debt burden on citizens.
Nigerian comedian Seyi Law takes to social media as he defends President Bola Tinubu. The comedian stated that the president has done a lot in his administration and claimed that Nigeria is safer and economically sound under his administration.
He then compared how things now to past years under the administration of others, and shared how things were bad. He claimed that now the economy is stabilized.
“Nigeria is safer now than 10 years ago. This government has killed more bandits than any government in Nigeria since the time of Jonathan. When last have you heard of bomb blast in Nigeria?”
It has been reported that fire occurred at the Murtala Muhammed International Airport, Lagos (MMIA), Terminal 1. This fire incident occurred on Monday, 23rd of February, 2026.
Passengers at that terminal were spotted running away for safety after seeing the fire and the alarm.
The Federal Airports Authority of Nigeria (FAAN) released a statement and shared that no life was lost and people were saved and avoided danger.
It has been reported that Kano State has closed down all entertainment spots across the state. This was stated to happen because of the ongoing Ramadan fast.
The federal government shared that the new law will take place from 18th of February, 10 pm, till the last day of Ramadan. This is in order for the people participating in it to truly focus on the fast.
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